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Penton replaces credit facility

Published on August 18, 2003.

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Cleveland--Penton Media Inc. announced it has replaced its existing revolving senior credit facility with a new $40 million revolving senior credit facility arranged with Wells Fargo Foothill Inc. Penton has immediate availability to the full amount of the facility, which matures in August 2007. âThis new facility provides Penton with greater financial flexibility and adds $20 million of liquidity, bringing our current availability under our credit facility to $40 million,â said Thomas L. Kemp, Penton chairman-CEO.